Tag Archives: Assured Returns new plan

Aegon Religare assured returns insurance plan is an endowment insurance plan without bonus facility. The policy is available for 7 or 10 years period. So, if you take this policy now in 2013, you would benefit in 2020. This is what is indicated in the advertisement.

Features of Aegon Religare Assured Returns insurance plan

This is a non participating endowment plan without bonus facility

The Policy tenure is either 7 or 10 years

Premium needs to be paid for the policy tenure

For 7 years policy tenure, assured Returns of 150% of the annualized premium would be payable every year after the policy term.

For 10 years policy tenure, assured returns of 175% of the annualized premium for policy tenure would be payable every year after the policy term

Assured Returns are paid from the end of the policy tenure for an equal number of years as the policy tenure.

If the Life Insured dies within the policy tenure, future premiums are waived and the maturity benefit is payable as per schedule.

Why to Choose this Plan:

If you are looking for an investment plan that guarantees returns, this plan is for you. AEGON Religare Assured Returns Insurance Plan ensures you receive what you are promised and at the right time. Plus there are no medicals! You should purchase this plan if you:

Want guaranteed returns with minimum hassle

Want to accumulate wealth for important milestones

Benefits of Aegon Religare Assured Returns insurance plan

Death Benefit: If the life Insured dies within the policy tenure, future premiums are waived and the maturity benefit is payable as per schedule.

Maturity Benefit: If the insurer survives, at the end of the policy term, he/she would get guaranteed benefits of 150% of annualized premium from 8th year to 14th year for 7 year policy term. Similarly he/she would get 175% of annualized premium from 10th to 20th year for 10 year policy term.

Income tax Benefit: Insurance premiums paid under this plan are eligble for tax deduction under 80C. The maturity amount is tax free as per section 10(10)D.